Oil markets remain highly sensitive to developments in the US-Iran conflict. With Brent around $91 per barrel and WTI near $88, investors are watching the Strait of Hormuz, global inventories, and diplomatic efforts that could reshape energy prices in the coming months.
A new NAPCOR analysis shows PET thermoform recovery reached an all-time high in 2024, highlighting progress in collection while exposing ongoing challenges in recycled content adoption and market demand.
BASF and Encina are strengthening their collaboration beyond feedstock supply, aiming to scale circular chemicals production and secure long-term access to recycled raw materials for the global chemical industry.
Oil prices remain elevated as Brent hovers near 93 $/B and WTI around 90 $/B, driven by tensions surrounding the US‑Iran war and ongoing supply risks. This article explains the latest market movements, geopolitical triggers, and what to expect next.
Italy’s plastic recycling chain is facing growing pressure. Utilitalia warns that excessive plastic waste stocks and saturated recycling outlets could disrupt collection services and threaten circular economy targets unless urgent action is taken.
STADLER has opened a new Japanese subsidiary to support growing demand for advanced waste sorting and recycling technologies. The move comes as Japan intensifies efforts to recover valuable materials from waste streams and strengthen its circular economy objectives.
PepsiCo is accelerating its circular packaging strategy with new Gatorade bottles made from Eastman’s PET Renew resin. The advanced recycling process transforms difficult-to-recycle polyester waste, including textiles and plastic films, into food-grade PET suitable for new beverage packaging
Celanese has announced the immediate closure of its engineered materials compounding facility in Ulsan, South Korea. Production will be relocated to China and India as the company accelerates its Grow & Fortify strategy and strengthens its manufacturing network across Asia.
Freepoint Eco-Systems has suspended operations at its plastic pyrolysis facility in Hebron, Ohio, after multiple environmental violations and ongoing regulatory scrutiny from the Ohio Environmental Protection Agency. The decision reignites debate over the environmental impact and future of advanced plastic recycling technologies.